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The Market Huddle

MH+ Ep.12: Patrick Talks Charts With Chase Taylor

Sep 19, 2023
Guest, Chase Taylor, a favorite chartist at Pinecone Macro, discusses charts on commodities like cotton, sugar, and copper, as well as cannabis, home builders, and bitcoin. They analyze market conditions, predict movements in the S&P, discuss interest rate predictions and low market volatility. They also delve into the recent strength of cotton futures, technical outlook and home builders, and the state of crude oil and uranium markets.
26:42

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The market sentiment suggests a potential reversal towards the end of the week, signaling a possible leg lower.
  • The charts indicate bullish signals for cotton and sugar, while copper demonstrates a bearish outlook, providing insights into the future direction of these commodities.

Deep dives

Market Sentiment and S&P Outlook

The podcast discusses the current market sentiment, specifically focusing on the S&P 500. There is a debate on whether the market will go through a leg lower or whip around before continuing its upward trend. Factors affecting the market include oil prices, the dollar, and interest rates. The guest speaker leans towards a potential reversal towards the end of the week, but generally believes it's time for the market to head lower.

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